With PC sales numbers generally in decline, Nvidia’s financial results for Q2 show that, at least in PC gaming, its sales into the niche market are seriously bucking the trend.
Nvidia’s financial results indicate that a major turnaround is afoot for the company as its revenue rose 5pc to US$1.153bn from US$1.103bn during the same period last year.
This is despite the company predicting that for this quarter it would see revenues of US$1.01bn with a margin or error either side of 2pc.
Total income for the hardware manufacturer this quarter was US$26m or the equivalent of US$0.05 per share.
The company also issued its predictions for Q3, with its revenues estimated to rise to US$1.18bn for the year so far.
Market analysts at Thomson Reuters have predicted a relatively similar return, but scaled back slightly to US$1.1bn.
Much of this unprecedented revenue gain has largely been attributed to the continued resurgence of PC gaming, which is increasingly requiring more advanced hardware to run the latest games.
In particular, there has been a rise in demand for 4K screen, all of this despite the news last month that there was a major slump in PCs shipped, down nearly 10pc on the same time in 2014.
However, the company admits that sales of its GPUs for laptops have declined due to both weaker demand from customers, and due to customers waiting for the Windows 10 launch before upgrading.